Introducing a practical approach to insolvency compliance, efficiency and business development.

Insolvency practitioners have a duty to meet the regulations of their relevant professional body, be that the ICAEW, ACCA or IPA. For most firms this means you must carry out an annual review of your quality control procedures to ensure you’re complying with their regulations.

Although you can conduct this insolvency review yourself, is it really a cost effective use of your time?

SWATUK's insolvency support - more than just a file review!

During an insolvency compliance review we will:

• assess whether your firm is complying with the Insolvency Regulations and the Statements of Insolvency Practice;
• compare your procedures with current best practice;
• tell you if you need to make changes in order to be compliant;
• consider the effectiveness of your systems, and give recommendations as to how they could be improved; and
• identify ways in which to make your insolvency procedures more efficient, which can lead to improved profitability.

Call 0800 2800 433 for more details or to arrange a review

How will your insolvency review undertaken?

During the visit our insolvency consultant will ask to see a selection of your insolvency case files and will review your office systems. This initial review will usually last two days, however subsequent visits to the firm may only require one day.

Following on from your on-site insolvency compliance review, we will then provide you with a comprehensive recommendations report, which can cover compliance, efficiency and effectiveness of your systems and where appropriate, ways in which to improve your profitability.

On-site training

Having carried out the review, we can arrange to revisit your practice, or insolvency department, and provide a tailor-made training session to all your insolvency staff. This means they can quickly get up to speed with the compliance and efficiency issues affecting your firm.

Prices

As a guideline, each one-day visit to your office also involves an additional half a day for writing the recommendations report. The prices quoted below are based on a 'one-day' visit which includes the report. We have two rates for insolvency reviews, depending on the time of year you want the visit:

Timing of the Review	Price per day (incl report)
Reviews between 1st January and 30th September	£1,800 + VAT
Reviews between 1st October and 31 December	£2,000 + VAT

Prices exclude travelling and accommodation costs, where applicable.

Should you require on-site training, please contact us to dicuss your exact requirements so that we can provide a more accurate quote for you.

More information and bookings

For more information on any of our reviews, or to arrange a review, call us today on 0800 2800 433.